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The British Pound Is Loving The Bank Of England Right Now

Mamta BadkarAug 7, 2013, 16:50 IST

Earlier this morning, we saw Bank of England's Mark Carney introduce forward guidance to UK monetary policy alongside it's inflation report.

While the FTSE is down 0.6%, the sterling seems to love the news.

The GBP was at $1.5304 ahead of the announcement. Immediately after Carney introduced forward guidance the GBP fell to to $1.5205 immediately after the announcement, but has since climbed to $1.5438.

Here is a chart from Fin Viz showing how the GBP performed:

Fin Viz